KUALA LUMPUR, 19 September 2023 – Mercury Securities Group Berhad (“Mercury Securities” or “Company”), debuted today on the ACE Market of Bursa Malaysia Securities Berhad (“Bursa Securities”), opening at RM0.27 per share which represents a premium of 8% over the initial public offering (“IPO”) price of RM0.25 per share.
Mercury Securities is listed under the stock name of “MERSEC” with stock code of “0285”.
Mercury Securities is an investment holding company and through its wholly-owned subsidiary, Mercury Securities Sdn Bhd (a Participating Organisation of Bursa Malaysia Securities Berhad (“Bursa Securities”) and a Recognised Principal Adviser by the Securities Commission Malaysia) (collectively “Group”) is principally involved in the provision of stockbroking, corporate finance advisory services and other related businesses such as margin financing facilities services, underwriting and placement services, as well as provision of nominee and custodian services.
The Group raised a total of RM39.27 million through the IPO, from which RM26.86 million of the proceeds is allocated for margin financing facility services. RM2.88 million is allocated for the enhancement of digitalisation programme and marketing activities for the stockbroking business and operations of the Group. RM4.63 million of the proceeds will be used for working capital purposes while the remaining RM4.90 million is allocated for estimated listing expenses.
Managing Director of Mercury Securities, Mr. Chew Sing Guan said, “I would like to thank the SC and Bursa Securities for their continued stewardship of our capital market. I would also like to thank the entire Mercury Securities team and due diligence working group for their hard work to make today possible.”
Upon its listing on the ACE Market, Mercury Securities will have a market capitalisation of RM223.25 million based on the issue price of RM0.25 per share and its enlarged issued share capital of 893.00 million shares.
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ABOUT MERCURY SECURITIES GROUP BERHAD
Mercury Securities Group Berhad (“Mercury Securities”) via its wholly-owned subsidiary, Mercury Securities Sdn Bhd is a Participating Organisation of Bursa Malaysia Securities Berhad, an Authorised Depository Agent of Bursa Malaysia Depository Sdn Bhd, and a Trading Clearing Participant of Bursa Malaysia Clearing Sdn Bhd. Such accreditations enable Mercury Securities to provide a full range of stockbroking and related businesses such as margin financing facilities services, underwriting and placement services, research and investment advisory, custodian and nominees services. In addition, being a Recognised Principal Adviser by the Securities Commission Malaysia and Principal Adviser, Sponsor and Approved Adviser accredited by Bursa Malaysia Securities Berhad, Mercury Securities provides a full range of corporate finance advisory services such as initial public offerings on the Main Market, ACE Market and LEAP Market of Bursa Malaysia Securities Berhad, secondary fund raising exercises such as rights issue and private placement, take-overs, mergers and acquisitions, independent advice, reverse take-over and corporate restructuring undertaken by listed and unlisted companies.
For more information, visit https://www.mercurysecurities.com.my/
Issued By: Swan Consultancy Sdn. Bhd. on behalf of Mercury Securities Group Berhad
For more information, please contact:
Jazmin Wan
Tel: +60 17-289 4110
Email: j.wan@swanconsultancy.biz
Xinyi Ching
Tel: +60 19-337 9099
Email: x.ching@swanconsultancy.biz